{"id":"https://openalex.org/W4415567965","doi":"https://doi.org/10.26794/2587-5671-2025-29-5-112-125","title":"The Theoretical Foundations and Problematic Areas of the Contemporary Long-Term Financing Theory","display_name":"The Theoretical Foundations and Problematic Areas of the Contemporary Long-Term Financing Theory","publication_year":2025,"publication_date":"2025-10-26","ids":{"openalex":"https://openalex.org/W4415567965","doi":"https://doi.org/10.26794/2587-5671-2025-29-5-112-125"},"language":"en","primary_location":{"id":"doi:10.26794/2587-5671-2025-29-5-112-125","doi":"https://doi.org/10.26794/2587-5671-2025-29-5-112-125","is_oa":true,"landing_page_url":"https://doi.org/10.26794/2587-5671-2025-29-5-112-125","pdf_url":"https://financetp.fa.ru/jour/article/download/3954/1738","source":{"id":"https://openalex.org/S4306538827","display_name":"Finance: Theory and Practice","issn_l":"2587-5671","issn":["2587-5671","2587-7089"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj","poland-20","russia-white-list-1"],"host_organization":"https://openalex.org/P4310312870","host_organization_name":"Finance University under the Government of the Russian Federation","host_organization_lineage":["https://openalex.org/P4310312870"],"host_organization_lineage_names":["Finance University under the Government of the Russian Federation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance: Theory and Practice","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://financetp.fa.ru/jour/article/download/3954/1738","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5086491211","display_name":"Konstantin V. Krinichansky","orcid":"https://orcid.org/0000-0002-1225-7263","observed_orcids":["https://orcid.org/0000-0002-1225-7263"]},"institutions":[{"id":"https://openalex.org/I211738395","display_name":"Financial University","ror":"https://ror.org/01hnrbb29","country_code":"RU","type":"education","lineage":["https://openalex.org/I211738395"]}],"countries":["RU"],"is_corresponding":true,"raw_author_name":"K. V. Krinichansky","raw_affiliation_strings":["Financial University under the Government of the Russian Federation"],"raw_orcid":"https://orcid.org/0000-0002-1225-7263","affiliations":[{"raw_affiliation_string":"Financial University under the Government of the Russian Federation","institution_ids":["https://openalex.org/I211738395"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5086491211"],"corresponding_institution_ids":["https://openalex.org/I211738395"],"apc_list":null,"apc_paid":null,"fwci":3.6311,"has_fulltext":true,"cited_by_count":6,"citation_normalized_percentile":{"value":0.9188807,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":98,"max":99},"biblio":{"volume":"29","issue":"5","first_page":"112","last_page":"125"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.5054000020027161,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.5054000020027161,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14317","display_name":"Finance, Markets, and Regulation","score":0.11569999903440475,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.06270000338554382,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/long-term-financing","display_name":"long-term financing","score":0.9909999966621399},{"id":"https://openalex.org/keywords/global-savings-glut","display_name":"global savings glut","score":0.8830000162124634},{"id":"https://openalex.org/keywords/capital-flight","display_name":"capital flight","score":0.5889999866485596},{"id":"https://openalex.org/keywords/safe-haven","display_name":"safe haven","score":0.5879999995231628},{"id":"https://openalex.org/keywords/debt-maturity","display_name":"debt maturity","score":0.7490000128746033},{"id":"https://openalex.org/keywords/rollover-risk","display_name":"rollover risk","score":0.9789999723434448},{"id":"https://openalex.org/keywords/financial-regulation","display_name":"financial regulation","score":0.7879999876022339},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.5329999923706055},{"id":"https://openalex.org/keywords/russian-economy","display_name":"Russian economy","score":0.6269999742507935}],"concepts":[{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.6047999858856201},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5468999743461609},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.49140000343322754},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.45570001006126404},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.4196000099182129},{"id":"https://openalex.org/C206345919","wikidata":"https://www.wikidata.org/wiki/Q20380951","display_name":"Resource (disambiguation)","level":2,"score":0.4106999933719635},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.38040000200271606},{"id":"https://openalex.org/C107645774","wikidata":"https://www.wikidata.org/wiki/Q5467169","display_name":"Human resources","level":2,"score":0.3684000074863434},{"id":"https://openalex.org/C120330832","wikidata":"https://www.wikidata.org/wiki/Q166656","display_name":"Supply and demand","level":2,"score":0.3303999900817871},{"id":"https://openalex.org/C191654821","wikidata":"https://www.wikidata.org/wiki/Q247506","display_name":"Financial instrument","level":2,"score":0.3091999888420105},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.3012999892234802},{"id":"https://openalex.org/C26517878","wikidata":"https://www.wikidata.org/wiki/Q228039","display_name":"Key (lock)","level":2,"score":0.29019999504089355},{"id":"https://openalex.org/C2776943663","wikidata":"https://www.wikidata.org/wiki/Q165687","display_name":"Human capital","level":2,"score":0.28929999470710754},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.2824999988079071},{"id":"https://openalex.org/C44750222","wikidata":"https://www.wikidata.org/wiki/Q1897397","display_name":"Financial capital","level":3,"score":0.28110000491142273},{"id":"https://openalex.org/C137996800","wikidata":"https://www.wikidata.org/wiki/Q762702","display_name":"Technological change","level":2,"score":0.2736999988555908},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.2721000015735626},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.25209999084472656},{"id":"https://openalex.org/C2994475961","wikidata":"https://www.wikidata.org/wiki/Q461731","display_name":"Russian economy","level":2,"score":0.250900000333786}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.26794/2587-5671-2025-29-5-112-125","doi":"https://doi.org/10.26794/2587-5671-2025-29-5-112-125","is_oa":true,"landing_page_url":"https://doi.org/10.26794/2587-5671-2025-29-5-112-125","pdf_url":"https://financetp.fa.ru/jour/article/download/3954/1738","source":{"id":"https://openalex.org/S4306538827","display_name":"Finance: Theory and Practice","issn_l":"2587-5671","issn":["2587-5671","2587-7089"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj","poland-20","russia-white-list-1"],"host_organization":"https://openalex.org/P4310312870","host_organization_name":"Finance University under the Government of the Russian Federation","host_organization_lineage":["https://openalex.org/P4310312870"],"host_organization_lineage_names":["Finance University under the Government of the Russian Federation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance: Theory and Practice","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:98a98125c46545fd90394263a6f350bc","doi":null,"is_oa":false,"landing_page_url":"https://doaj.org/article/98a98125c46545fd90394263a6f350bc","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"\u0424\u0438\u043d\u0430\u043d\u0441\u044b: \u0442\u0435\u043e\u0440\u0438\u044f \u0438 \u043f\u0440\u0430\u043a\u0442\u0438\u043a\u0430, Vol 29, Iss 5, Pp 112-125 (2025)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.26794/2587-5671-2025-29-5-112-125","doi":"https://doi.org/10.26794/2587-5671-2025-29-5-112-125","is_oa":true,"landing_page_url":"https://doi.org/10.26794/2587-5671-2025-29-5-112-125","pdf_url":"https://financetp.fa.ru/jour/article/download/3954/1738","source":{"id":"https://openalex.org/S4306538827","display_name":"Finance: Theory and Practice","issn_l":"2587-5671","issn":["2587-5671","2587-7089"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["doaj","poland-20","russia-white-list-1"],"host_organization":"https://openalex.org/P4310312870","host_organization_name":"Finance University under the Government of the Russian Federation","host_organization_lineage":["https://openalex.org/P4310312870"],"host_organization_lineage_names":["Finance University under the Government of the Russian Federation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance: Theory and Practice","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4415567965.pdf","grobid_xml":"https://content.openalex.org/works/W4415567965.grobid-xml"},"referenced_works_count":19,"referenced_works":["https://openalex.org/W1996285825","https://openalex.org/W2089900654","https://openalex.org/W2108491286","https://openalex.org/W2157509893","https://openalex.org/W2169010782","https://openalex.org/W2282955142","https://openalex.org/W2571872403","https://openalex.org/W2587996478","https://openalex.org/W2973104472","https://openalex.org/W3021500571","https://openalex.org/W3121363029","https://openalex.org/W3122507335","https://openalex.org/W3153281424","https://openalex.org/W4205500834","https://openalex.org/W4308559680","https://openalex.org/W4386497860","https://openalex.org/W4387875146","https://openalex.org/W4400436532","https://openalex.org/W4404923850"],"related_works":["https://openalex.org/W7160563057","https://openalex.org/W3174825059","https://openalex.org/W191690117","https://openalex.org/W7165055397","https://openalex.org/W7007253432","https://openalex.org/W4409574837","https://openalex.org/W3200023913","https://openalex.org/W4403050871","https://openalex.org/W4406776128","https://openalex.org/W113652755"],"abstract_inverted_index":{"The":[0,81,114,199,304],"imperative":[1],"of":[2,22,35,51,66,83,91,98,125,133,142,158,175,182,185,192,195,206,212,219,240,253,275,284,290,294,300,314],"achieving":[3],"a":[4,32,67,122,130,189,263],"growth":[5],"rate":[6],"for":[7,44,109,230,243,310],"the":[8,15,19,49,71,79,89,95,105,138,156,169,173,180,183,193,204,213,217,228,238,241,250,266,269,273,276,279,287,292,298,311,332],"Russian":[9,207],"economy":[10,333],"that":[11,39,171,201,249,296,320],"meets":[12],"or":[13],"exceeds":[14],"global":[16,196],"average-grounded":[17],"in":[18,31,57,78,118,203],"pressing":[20],"issue":[21],"resource":[23],"availability,":[24],"particularly":[25],"financial":[26,40,144,337],"resources-stimulates":[27],"significant":[28],"academic":[29,127],"interest":[30],"thorough":[33],"examination":[34,132,191,274],"this":[36,84,119],"challenge.":[37],"Given":[38],"resources":[41,63,145],"are":[42],"essential":[43,309],"addressing":[45],"structural":[46],"issues,":[47],"including":[48],"establishment":[50],"advanced":[52],"technological":[53],"production":[54],"and":[55,59,103,129,140,168,258,268,282],"investments":[56],"infrastructure":[58],"human":[60],"capital,":[61],"these":[62,176,325],"must":[64],"be":[65],"long-term":[68,92,143,162,186,244,285,315],"nature;":[69],"hence,":[70],"term":[72],"\u201clong-term":[73],"finance\u201d":[74],"is":[75,86,247,260,302],"frequently":[76],"used":[77],"literature.":[80],"purpose":[82],"study":[85,120,152,305],"to":[87,137,155,161,233,330],"elucidate":[88],"concept":[90,194],"finance,":[93,163,245,286],"identify":[94],"key":[96],"areas":[97],"inquiry":[99],"associated":[100],"with":[101,334],"it,":[102],"delineate":[104],"theoretical":[106],"frameworks":[107],"necessary":[108,335],"examining":[110],"its":[111],"various":[112,147,231],"dimensions.":[113,178],"primary":[115,214],"methods":[116],"employed":[117],"include":[121],"content":[123],"analysis":[124,181,239],"pertinent":[126],"literature":[128],"critical":[131,190,288],"case":[134],"studies":[135],"pertaining":[136],"formation":[139],"utilization":[141],"across":[146],"countries.":[148],"Results":[149],":":[150],"This":[151],"has":[153],"led":[154],"development":[157],"analytical":[159],"approaches":[160],"emphasizing":[164],"their":[165,328],"supply,":[166],"demand,":[167],"mechanisms":[170,295],"facilitate":[172,297],"alignment":[174],"two":[177],"Specifically,":[179],"supply":[184,283,331],"finance":[187],"includes":[188],"savings":[197],"glut.":[198],"measures":[200],"resulted":[202],"freezing":[205],"reserve":[208],"assets":[209],"undermine":[210],"one":[211],"drivers":[215],"behind":[216],"migration":[218],"capital":[220],"flows":[221],"towards":[222],"\u201csafe":[223],"haven\u201d":[224],"destinations,":[225],"potentially":[226],"affecting":[227],"incentives":[229],"entities":[232],"accumulate":[234],"substantial":[235],"savings.":[236],"In":[237,272],"demand":[242,280],"it":[246,318],"demonstrated":[248],"maturity":[251],"structure":[252],"debt":[254],"held":[255],"by":[256],"firms":[257],"governments":[259],"determined":[261],"through":[262],"trade-off":[264],"between":[265,278],"costs":[267],"rollover":[270],"risks.":[271],"interaction":[277],"on":[281],"importance":[289],"maintaining":[291],"functionality":[293],"transformation":[299],"maturities":[301],"underscored.":[303],"identifies":[306],"five":[307],"vehicles":[308],"effective":[312],"functioning":[313],"finance.":[316],"Furthermore,":[317],"demonstrates":[319],"regulatory":[321],"errors":[322],"can":[323],"compromise":[324],"vehicles,":[326],"hindering":[327],"capacity":[329],"long\u00adterm":[336],"resources.":[338]},"counts_by_year":[{"year":2026,"cited_by_count":6}],"updated_date":"2026-11-13T13:42:25.865203","created_date":"2025-10-28T00:00:00"}
